Finances - Bookstore

As the credit card industry prepares to shift to EMV chip card technology, several point-of-sale vendors working on transitioning bookstores to new equipment have provided status updates as well as contact information for booksellers looking to learn more.

The Small Business Majority launched the Small Business Access to Capital Resource Portal to help small businesses and entrepreneurs explore options for securing funding.

The Small Business Administration has created the online course “How to Prepare a Loan Package” to assist small business owners who are interested in borrowing money to start, grow, or expand their businesses.

The SBA Office of Advocacy has released an issue brief that examines the potential impact of new SEC rules for equity-based crowdfunding, which are expected to be released this fall.

Bookstores working with Bancard Systems, the American Booksellers Association’s affiliated credit card processing company, will be seeing lower rates for accepting American Express credit cards. 

Here, six point-of-sale (POS) vendors provide an update on their work to help booksellers transition to EMV chip card technology by fall 2015.

The latest American Express program designed to support small businesses offers merchants the opportunity to earn a $100 American Express® Reward Card to help defray the cost of purchasing EMV-enabled card readers for their point-of-sale systems.

In preparation for the credit card industry’s transition to EMV chip cards by October 2015, Bancard Systems, ABA’s affiliated credit card processing company, is providing its small business clients with a detailed flier looking at how merchants should plan for the switch.

Here, six point-of-sale (POS) vendors provide an update on their work to help booksellers transition to EMV chip card technology by fall 2015.

A financial consultant, a banker, and a credit union representative will present different perspectives on what it takes to secure financing for a planned expansion or special project at a bookstore during the Wi10 panel “How to Work With Your Bank: What You Need to Know.”

Since its opening in September 2013, Curious Iguana in Frederick, Maryland, has donated more than $10,000 to international charities through its operations as a benefit corporation.

Ann Marie Mehlum, associate administrator of capital access for the U.S. Small Business Administration, discusses what SBA is doing to help independent bookstores gain access to capital and best practices that booksellers can use to increase their chances of success.

The credit card industry is in the midst of transitioning to a chip card technology system in order to combat rising reports of fraud. By October 2015, retailers must be equipped with new card terminals at their points of sale or potentially be held liable for fraudulent purchases.

The Small Business Administration has eliminated or revised several requirements for its two main loan programs to make it easier for businesses to secure SBA-backed financing and to encourage job creation.

While stores may vary in the way they approach cash flow, it’s important to make time to plan ahead for the proper management of income and expenses to best maintain the inflow and outflow of bookstore funds. Here’s a look at some of the cash flow practices employed by three stores of different sizes.